She was charged with bankruptcy fraud, false bankruptcy declarations and concealment of bankruptcy assets.
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According to Deadline, Miller faces bankruptcy fraud, concealment of bankruptcy assets, and false bankruptcy declarations.
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"I thought the point of the bankruptcy code was to have bankruptcy matters decided in a bankruptcy court," Breyer said.
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Another wrinkle: Through a quirk of bankruptcy law, any new wildfire-damage claimants that come along during bankruptcy are automatically put in line for payment ahead of "pre-bankruptcy creditors," including pre-bankruptcy fire victims.
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A company or municipality facing this situation would declare bankruptcy, but federal bankruptcy law makes no provision for Puerto Rico to declare bankruptcy.
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Its filing represented the largest municipal bankruptcy filing in U.S. history — seconded only by Detroit's $17 billion bankruptcy under Chapter 9 bankruptcy code.
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This is what the bankruptcy court imposed in Detroit's bankruptcy case.
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Miller was indicted by a federal grand jury in October 2015 on charges of bankruptcy fraud, concealment of bankruptcy assets and false bankruptcy declarations.
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Elizabeth Warren's bankruptcy proposal, which includes student loan debt relief in bankruptcy.
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The business went into bankruptcy, or almost bankruptcy, and he rebuilt it.
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United received $2202 billion in bankruptcy debt relief, Delta received nearly $2628 billion in bankruptcy debt relief, and American Airlines, $28500 billion in bankruptcy debt relief.
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The Chapter 11 bankruptcy filing was made in a New York bankruptcy court.
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Even if he personally declares bankruptcy, it would still be Chapter 11 bankruptcy.
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The bankruptcy was filed in the U.S. Bankruptcy Court for the District of Delaware.
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BANKRUPTCY FILING NOT CERTAIN A Purdue bankruptcy filing is not certain, the sources said.
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The company filed for Chapter 11 bankruptcy today in federal bankruptcy court in Manhattan.
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Entering bankruptcy "is not a solution," said Karol K. Denniston, a veteran bankruptcy lawyer.
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It's common for a retailer that emerges from bankruptcy to file for bankruptcy again.
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"The Sacklers want the benefit of bankruptcy without the burdens of bankruptcy," she said.
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Expenses incurred during a bankruptcy take precedence over the ones from before the bankruptcy.
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A full 32% of consumers filing for Chapter 7 bankruptcy (liquidation bankruptcy) carry student-loan debt, according to a LendEDU study that analyzed 1,083 individual bankruptcy cases from Upsolve, a non-profit that helps low-income consumers file for Chapter 7 bankruptcy.
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Chapter 7 bankruptcy — liquidation bankruptcy for people with limited incomes, that aims to discharge all debt — involves more risk, attorney William Waldner of Midtown Bankruptcy previously told Business Insider.
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Gawker Media filed for Chapter 11 bankruptcy Friday in New York's Southern District bankruptcy court.
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Further, retailers in bankruptcy — or trying to avoid bankruptcy — are likely to have blowout sales.
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Sears declares bankruptcy: Retail chain Sears filed for bankruptcy in the early hours of Monday.
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There are basically two kinds of personal bankruptcy in the United States of America (businesses, municipal governments, and other kinds of entities have their own flavors of bankruptcy), named Chapter 7 and Chapter 13 bankruptcy after the chapters in the bankruptcy code that describe them.
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Hercules filed for Chapter 11 bankruptcy protection in August 2015 and emerged from bankruptcy in November.
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Remington filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
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Typically, a bankruptcy petition will temporarily halt any litigation while the process unfolds in bankruptcy court.
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The Weinstein Company filed for bankruptcy protection late Monday in United States Bankruptcy Court in Delaware.
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Detroit's bankruptcy offered an opportunity to test whether bankruptcy could affect cuts to cities' pension obligations.
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But the 2005 bankruptcy reform debate was fundamentally about personal bankruptcy, which comes in two flavors.
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At a hearing in bankruptcy court today, a judge approved Gawker's plans for a bankruptcy sale.
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Warren became a force in bankruptcy law, earning her an advisory role on the National Bankruptcy Review Commission in 1995, as well as other committees and conferences that develop bankruptcy law.
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Cynics, including many bankruptcy lawyers, will say that a plan that is credible to a banking regulator might not be credible to a bankruptcy lawyer, or more important, a bankruptcy judge.
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India, which did not have a formal bankruptcy process until mid-2016, has seen a surge in bankruptcy cases since last year, with over 500 companies currently facing bankruptcy court proceedings.
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But US bankruptcy law makes no provision for Puerto Rico (or a US state) to declare bankruptcy.
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GM just declared bankruptcy and I did your bankruptcy trade and almost doubled my money within minutes.
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A U.S. bankruptcy judge is set to hear arguments for approving Sears' bankruptcy loan on Nov. 27.
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According to Brazilian bankruptcy law, its stake would have to be excluded from a bankruptcy protection proceeding.
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When many people hear the word "bankruptcy," they usually think of Chapter 11 bankruptcy, which businesses file.
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His lawyer, Stephen Lefkovitz, tells The Verge that Weist filed for bankruptcy independently through Tennessee's bankruptcy courts.
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Ricardo Rossello filed for Title III Bankruptcy protection in the biggest municipal bankruptcy filing in US history.
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Last year, Hercules Offshore Inc filed for bankruptcy protection, six months after emerging from its first bankruptcy.
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Rhodes, a retired U.S. bankruptcy judge, handled the Detroit bankruptcy case and is now advising Puerto Rico.
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Cases involving injuries or deaths in post-bankruptcy crashes were not affected by the bankruptcy court order.
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While the utility is undergoing bankruptcy reorganization, much of the power lies with the bankruptcy court's judge.
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"That could not happen in a bankruptcy plan, because a bankruptcy plan is binding," Judge Drain said.
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Go deeper: Largest milk producer in U.S. files for bankruptcy Coal heavyweight Murray Energy files for bankruptcy
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Sears filed for bankruptcy with its bank lenders promising to give it $300 million in bankruptcy financing.
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However, because of its bankruptcy filing, any settlement may have to be worked out in bankruptcy court.
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The diocese's bankruptcy filing comes a day after the Boy Scouts of America also filed for bankruptcy.
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Gymboree Group filed for bankruptcy in January in the U.S. Bankruptcy Court for the Eastern District of Virginia, which announced the results of the bankruptcy auction to sell assets in documents on Saturday.
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Like its first bankruptcy, a dispute over rent is at the forefront of Barneys most recent bankruptcy filing.
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A team of researchers contacted 22 bankruptcy filers and asked them the reason they decided to declare bankruptcy.
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In 2015, a U.S. bankruptcy judge ruled that GM was shielded from liability over its pre-bankruptcy actions.
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President Donald Trump has never declared bankruptcy personally, but six of his companies have filed for bankruptcy protections.
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In a prepackaged bankruptcy, companies and their creditors agree on a reorganization plan prior to the bankruptcy filing.
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Last year, Hercules Offshore Inc filed for bankruptcy protection, just six months after emerging from its first bankruptcy.
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Warren's bankruptcy proposal -- which Biden now backs -- also calls for student debt to be discharged in bankruptcy proceedings.
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Elizabeth Warren's bankruptcy plan, endorsing his former Democratic rival's proposal to repeal portions of this 2005 bankruptcy law.
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A bankruptcy lawyer told Business Insider that coronavirus could possibly lead to a rise in US bankruptcy cases.
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The company filed for Chapter 11 bankruptcy protection last February, less than two years after its previous bankruptcy.
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The Chapter 11 bankruptcy filing was made in federal bankruptcy court for the Southern District of New York.
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According to U.S. bankruptcy law, companies have 210 days from the date of filing bankruptcy to renegotiate leases.
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The settlement agreement was proposed in Seattle's bankruptcy court, where Mr. Sanchez-Guzman filed for bankruptcy in 2014.
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In the case of bankruptcy, for example, there is evidence that the stigma has in fact weakened, leading to more bankruptcy petitions; in response, legislators have made the requirements for declaring bankruptcy more difficult.
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"It is indeed rare for bankruptcy companies to be solvent, but the bankruptcy process is intended to maintain and enhance value relative to what might have happened outside of bankruptcy," Jacoby said in an email.
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U.S. Bankruptcy Judge David Jones approved the request over an objection by the U.S. Trustee, a government bankruptcy watchdog.
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Warren has her own background in bankruptcy, having specialized in bankruptcy law during her tenure at Harvard Law School.
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Bruce Rauner have suggested that the district file bankruptcy, only four other school systems have filed bankruptcy since 22019.
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Gawker Media has filed for bankruptcy, according to documents filed today in Southern District of New York Bankruptcy Court.
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The firm voluntarily submitted a petition to declare bankruptcy at the US Bankruptcy Court Southern District of New York.
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Bankruptcy attorneys said companies rarely return to court to address such a large liability so soon after exiting bankruptcy.
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LINN filed for bankruptcy about five years ago but Berry emerged from the bankruptcy as a stand-alone company.
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It tried writing its own bankruptcy law, but ran afoul of another rule: Only Congress can enact bankruptcy laws.
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The Weinstein Company declared bankruptcy in February 2018 and three months later Lantern Capital won the studio's bankruptcy auction.
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Bankruptcy didn't seem to upset the couple In 2011, they filed for bankruptcy in California, according to court records.
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The bankruptcy case is In re Tribune Media Co, U.S. Bankruptcy Court, District of Delaware, No. 08-bk-13141.
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More and more older Americans are filing for bankruptcy protection, according to a study by the Consumer Bankruptcy Project.
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DECLARE BANKRUPTCY: You can't declare bankruptcy, since the game started precisely because you already were bankrupt (financially and morally).
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News publisher bankruptcy: McClatchy, which owns papers including The Miami Herald and The Sacramento Bee, filed for bankruptcy today.
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First off, the House bankruptcy-for-banks bill bars the regulators from initiating the bankruptcy; only bank management can.
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Bankruptcy is a critical part of the political origin story of Ms. Warren, whose new plan would make it easier for families to file for bankruptcy and increase accountability for creditors... In the plan she outlined on Tuesday, Ms. Warren would ease bankruptcy rules, allow students to declare student debt as part of any bankruptcy filing, and let more families keep their homes and cars while declaring bankruptcy.
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If PG&E follows through on plans to file for bankruptcy before the end of the month, it will be the biggest utility bankruptcy since 2001...which was the first time PG&E filed for bankruptcy.
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In an order filed in U.S. Bankruptcy Court in Houston, U.S. Bankruptcy Judge David Jones said the deals were in the best interest of Shale Support and its creditors and would efficiently resolve the company's bankruptcy.
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Right now, for example, we have a bankruptcy code that allows a for-profit college or university to declare bankruptcy but does not allow the students who took out loans to go there to declare bankruptcy.
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The bankruptcy is different from PG&E's bankruptcy in 2001, when California faced an energy crisis that caused power outages.
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Remington plans to file bankruptcy in U.S. Bankruptcy Court in Delaware, seeking to write off about $700 million in debt.
|
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If Sears' challenges continue into its post-bankruptcy life, it could mean an eventual second bankruptcy or further store closures.
|
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Source: Mark DeGiacomo (Bankruptcy Trustee) Bankruptcy trustee Mark DeGiacomo worked to recover any assets on behalf of Viking Financial victims.
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The voluntary petition for reorganization under Chapter 11 of the US Bankruptcy Code was filed in the Texas Bankruptcy Court.
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The full report, "Retail Bankruptcy Enterprise Value and Creditor Recoveries: Fitch Bankruptcy Case Studies - 10th Edition," is available at www.fitchratings.
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Notably, Biden once backed a bankruptcy bill — which Warren opposed — that included a provision exempting private student loans from bankruptcy.
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Trump Entertainment Resorts, the name with which the Trump holding company reemerged from bankruptcy, filed for bankruptcy protection in 2009.
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A Peabody bankruptcy would follow the bankruptcy of several other large coal companies, including Alpha Natural Resources and Arch Coal.
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We cannot declare bankruptcy because we were explicitly and mysteriously excluded from the Chapter 9 U.S. bankruptcy law in 1984.
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The union appealed, arguing that because the collective bargaining agreement expired before the bankruptcy, the U.S. Bankruptcy Court lacked jurisdiction.
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Instead, there is a Chapter 14 inserted into the bankruptcy code to allow these entities to be reorganized in bankruptcy.
|
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LyondellBasell entered bankruptcy just 13 months after the purchase was completed and the bankruptcy trustee is pursuing everyone in sight.
|
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A bankruptcy judge approved Univision's winning bid in August following a bankruptcy auction and Gawker Media said its website Gawker.
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Companies that file for bankruptcy typically negotiate a special kind of loan to fund operations while it is in bankruptcy.
|
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In 2014, the Giudices, both 43, pleaded guilty to four counts of fraud — conspiracy to commit mail and wire fraud, bankruptcy fraud by concealment of assets, bankruptcy fraud by false oaths, and bankruptcy fraud by false declarations.
|
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It's a form of bankruptcy that sprang from the South: Started as an experiment by the bankruptcy court in Birmingham, Alabama, it was added to the federal bankruptcy code through a bill authored by a Memphis congressman.
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In the plan she outlined on Tuesday, Ms. Warren would ease bankruptcy rules, allow students to declare student debt as part of any bankruptcy filing, and let more families keep their homes and cars while declaring bankruptcy.
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The big picture: Purdue is using bankruptcy as a tool to expedite legal remedies, but many state and local governments are ready to sue the Sackler family owners beyond bankruptcy court, arguing the family doesn't deserve bankruptcy protection.
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O are set to emerge from bankruptcy with at least some of their stores in operation, according to interviews with bankruptcy attorneys and a Reuters review of financial information of more than 221 retailers shared with bankruptcy courts.
|
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The bankruptcy filing reveals that Cambridge Analytica's U.S.-based parent company, SCL USA, also filed for bankruptcy Thursday in New York.
|
|
Mr Trump has been married three times and has declared bankruptcy; divorce and bankruptcy are cause for excommunication in Amish communities.
|
|
In 1991, data from the Consumer Bankruptcy Project suggest the highest bankruptcy rates were among those aged between 25 and 44.
|
|
The bankruptcy case is In re: Transmar Commodity Group Ltd, U.S. Bankruptcy Court, Southern District of New York, No. 16-13625.
|
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Haiyou Petrochemical, established in 2006, filed for bankruptcy last July, the first teapot refiner to file for bankruptcy in recent years.
|
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When most businesses file for bankruptcy, a financier will step up and keep the troubled firm solvent while the bankruptcy proceeds.
|
|
The specter of bankruptcy also looms large; the Boy Scouts, for example, have not ruled out filing for Chapter 11 bankruptcy.
|
|
Retailers often file for bankruptcy to get out of store leases, leaving landlords scrambling to recover their losses in bankruptcy court.
|
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The same vulnerabilities that make black Americans more likely to file for bankruptcy make them less likely to succeed in bankruptcy.
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OXYCONTIN MAKER PURDUE PHARMA FILES FOR CHAPTER 11 BANKRUPTCY IN U.S. BANKRUPTCY COURT FOR SOUTHERN DISTRICT OF NEW YORK - COURT FILING
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Under federal law, the knowing concealment of an asset or financial transaction that materially impacts a bankruptcy proceeding constitutes bankruptcy fraud.
|
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The company filed for bankruptcy on April 29, 2014 and said at the time it anticipated exiting bankruptcy in 11 months.
|
|
It argued that because the collective bargaining agreement, or CBA, expired before Trump entered bankruptcy, the U.S. Bankruptcy Court lacked jurisdiction.
|
|
In 2012 Stockton, California, became the then-largest city to file for bankruptcy, and the bankruptcy process rewrote Stockton's union contracts.
|
|
Ultimately, a federal bankruptcy court in eastern Virginia will decided on the bonuses, as well as the company's broader bankruptcy claim.
|
|
Thanks to Gordon's actions, the family's $20-million Monterey mansion, their Tesla, even Renata's wedding ring are fair game in the bankruptcy proceedings, John C. Colwell, a San Diego-based bankruptcy attorney and president of the National Association of Consumer Bankruptcy Attorneys, tells CNBC Make It. There are two main types of personal bankruptcy: Chapter 7 and Chapter 13.
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Has been appointed as trustee in connection with bankruptcy proceedings * Voluntarily made an assignment in bankruptcy pursuant to provisions of bankruptcy and insolvency act (canada) ("bia") * Obtained an order of ontario superior court of justice appointing ksv kofman inc.
|
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O said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.
|
|
The bankruptcy case is In re: Sears Holdings Corp et al, U.S. Bankruptcy Court, Southern District of New York, No. 18-23538.
|
|
USA Gymnastics filed a bankruptcy plan, which includes the settlement, with the U.S. Bankruptcy Court for the Southern District of Indiana Thursday.
|
|
The bankruptcy counts relate to allegedly false statements that Avenatti filed in connection with the bankruptcy of his law firm Eagan Avenatti.
|
|
It filed for bankruptcy in October 2015, and emerged in February 2016, only to seek bankruptcy protection once again in November 2016.
|
|
Friday's order confirming the plan by U.S. Bankruptcy Judge Christopher Sontchi ended one of the country's largest and most expensive bankruptcy cases.
|
|
Though Trump himself has never declared bankruptcy, the businessman turned politician has declared bankruptcy on quite a few of his numerous companies.
|
|
Citizens in other rich countries don't file for bankruptcy because of medical costs — the leading cause of bankruptcy in the United States.
|
|
"Our bankruptcy work has quadrupled over the past six months," said Roger Ediger, an Enid, Oklahoma lawyer who handles personal bankruptcy cases.
|
|
The study analyzed 1,083 individual bankruptcy cases from Upsolve, a non-profit that helps low-income consumers file for Chapter 7 bankruptcy.
|
|
Bankruptcy-sale bargain My green marble conference table, which I bought at a bankruptcy sale for $200, is good for large meetings.
|
|
Remington's bondholders are also providing some of the bankruptcy loan and will receive a stake in the company when it exits bankruptcy.
|
|
But the 2005 bankruptcy reform debate that helped launch Warren's political career was fundamentally about personal bankruptcy, which comes in two flavors.
|
|
Warren last week released a bankruptcy plan, indicating she might go after Biden on a bankruptcy bill he advocated for in 2005.
|
|
But Judge Stuart M. Bernstein of Federal Bankruptcy Court in Manhattan said foreign bankruptcy proceedings blocked the trustee from accessing the money.
|
|
If not, he could guide Sears through a bankruptcy -- he was previously a bankruptcy attorney at New York law firm Skadden Arps.
|
|
U.S. Bankruptcy Judge Robert Drain is overseeing the bankruptcy proceedings in upstate New York and Purdue simply wants the lawsuits to stop.
|
|
In fact, once a company declares bankruptcy, it has to ask a bankruptcy court for permission to continue to honor gift cards.
|
|
Until the Great Depression bankruptcy procedures did not even exist for cities, and between 1970 and 2007 only three cities entered bankruptcy.
|
|
Many states' constitutions, including Michigan's, protected pension contracts against modifications, but federal bankruptcy law allowed any contract to be changed during bankruptcy.
|
|
In one of the few rulings in the case the Detroit bankruptcy judge found federal bankruptcy law could supersede state pension protections.
|
|
Takata agreed in bankruptcy court on Monday to pay the three men out of a reserve fund created during its bankruptcy proceeding.
|
|
He went on to become the chief bankruptcy judge, and eventually to preside over Detroit's own historic bankruptcy before retiring in 20013.
|
|
That's in part due to the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), a 2005 amendment to the US Bankruptcy Code.
|
|
The U.S. Trustee, an arm of the Justice Department that oversees bankruptcy administration, on Monday asked the U.S. Bankruptcy Court in Delaware to consider putting KaloBios under a trustee or having the company's case converted to a Chapter 7 bankruptcy.
|
|
According to Variety, the Weinstein Company bankruptcy may wind up being negative for Weinstein victims, since his accusers would likely be considered "unsecured creditors" and be paid "little or nothing" by the bankruptcy estate if the company's bankruptcy application goes through.
|
|
Sedgwick in a filing in U.S. Bankruptcy Court in San Francisco said it opted to file for Chapter 11 bankruptcy protection after its plan for a liquidation ran into opposition from creditors unwilling to continue negotiations outside a formal bankruptcy.
|
|
Franklin Templeton Investments will not appeal a ruling by a bankruptcy appellate panel that rejected its bid to reverse the city's plan for emerging from bankruptcy, which Bankruptcy Judge Christopher Klein backed in a written opinion nearly a year ago.
|
|
According to the Associated Press and NJ.com, U.S. Bankruptcy Court Judge Stacey L. Meisel ruled against Giudice and reopened bankruptcy proceedings on Tuesday.
|
|
In the US, Cambridge Analytica will also begin the bankruptcy process in a federal bankruptcy court in the Southern District of New York.
|
|
Ms. Donahue said she believed access to bankruptcy would simplify the restructuring, because bankruptcy has tools for forcing holdout creditors to accept deals.
|
|
Ligado exited bankruptcy in December 2015 with $1.5 billion in senior debt and $2.9 billion in junior debt, according to bankruptcy court documents.
|
|
In a bankruptcy court filing of its own, Alpha said the bonuses were important for holding on to executive officials during bankruptcy proceedings.
|
|
The company had filed for Chapter 11 bankruptcy a day earlier after being threatened by an involuntary Chapter 7 bankruptcy by three creditors.
|
|
MoviePass declared Chapter 7 bankruptcy on Wednesday, according documents filed with the United States Bankruptcy Court for the Southern District of New York.
|
|
Kevyn Orr, a corporate bankruptcy attorney from Jones Day, retained day-to-day control over city operations until the city emerged from bankruptcy.
|
|
Companies that file for bankruptcy typically negotiate a special kind of loan to stay in business while they go through the bankruptcy process.
|
|
However, Lampert wants to restructure the debt without filing for bankruptcy protection, because he views bankruptcy as risky for retailers, the paper said.
|
|
The government's bankruptcy watchdog also said in a filing in U.S. Bankruptcy Court in San Francisco that PG&E has also not shown a $2.5 million severance payment the company would provide new CEO and President William Johnson complies with the Bankruptcy Code.
|
|
In a filing in U.S. Bankruptcy Court in San Francisco, the U.S. government's bankruptcy watchdog called for an examiner to be assigned to the case in order to "help ensure public confidence" in the bankruptcy system as PG&E works through a reorganization.
|
|
The solar equipment company has filed for bankruptcy protection, but the yieldcos, which hold various assets, are not part of the bankruptcy protection filing.
|
|
Their application is reviewed by the U.S. Trustee, a bankruptcy watchdog within the Department of Justice, and must be approved by a bankruptcy judge.
|
|
"While bankruptcy must be the presumptive option, the bankruptcy of large, complex financial institutions may not be feasible in some circumstances," the report said.
|
|
PES filed for bankruptcy process in January 2018 to reduce debt, but cash on hand dwindled even after it emerged from bankruptcy in August.
|
|
As part of the bankruptcy, a group of creditors, including hedge fund Alden Global Capital LLC, took over ownership, according to bankruptcy court records.
|
|
Bankruptcy officials claim Duane Martin hid money for years from several different sources ... even though he and Tisha filed for bankruptcy in January 2016.
|
|
It went through a bankruptcy process last year to reduce debt, but cash on hand dwindled even after it emerged from bankruptcy in August.
|
|
The independence and well-established procedures of bankruptcy courts are strong reasons to replace the OLA with a faster and more efficient bankruptcy chapter.
|
|
A number of retailers have made it through bankruptcy, only to go out of businesses after filing for bankruptcy again in relatively short order.
|
|
Earlier bankruptcy-for-banks proposals had the regulators able to put a big troubled bank into bankruptcy, but the House bill mistakenly does not.
|
|
Today's bankruptcy law allows those with derivatives and repo contracts with the bank to terminate them as soon as the bank files for bankruptcy.
|
|
Using exclusive, anonymized data from Upsolve that included over 1,000 individual bankruptcy cases, LendEDU explored how serious the student debt and bankruptcy conundrum is.
|
|
The gun maker had said last month it was nearing a bankruptcy filing, which it made on Sunday in federal bankruptcy court in Delaware.
|
|
Gawker is filing for bankruptcy under Chapter 11 of the bankruptcy code, which provides companies with protection from creditors while they reorganize their finances.
|
|
A Toys R Us bankruptcy does not necessarily mean the company will close stores, and retailers such as Macy's have operated through bankruptcy before.
|
|
The bankruptcy filing freezes current lawsuits and could force future claims to be handled as part of an overall reorganization plan in bankruptcy court.
|
|
Receivership is a type of corporate bankruptcy in which a trustee or receiver is appointed by bankruptcy courts or creditors to run the company.
|
|
Unlike municipalities such as Detroit, Puerto Rico did not have the right to declare bankruptcy and seek relief under Chapter 9 of bankruptcy law.
|
|
It went through a bankruptcy process last year to reduce debt, but cash on hand dwindled even after it emerged from bankruptcy last summer.
|
|
In a separate federal indictment filed in California, Mr. Avenatti was also accused of stealing millions of dollars from five of his clients, filing fake tax returns and lying during bankruptcy proceedings to an I.R.S. collection agent, a bankruptcy court, a bankruptcy trustee and creditors.
|
|
Warren's roots are in bankruptcy law, and while Two-Income Trap offers policy ideas on a range of topics, it's clear that bankruptcy — and especially the industry-backed push to reduce Americans' access to generous bankruptcy terms — was the key passion point for her.
|
|
Lampert had a plan to save Sears by combining it with Kmart, which ESL bought out of bankruptcy after the discount store's 2002 bankruptcy filing.
|
|
A bankruptcy judge is giving Sears Chairman Eddie Lampert another chance to buy the department store chain out of bankruptcy and save roughly 50,000 jobs.
|
|
A bankruptcy judge decided Tuesday to give Sears Chairman Eddie Lampert another chance to buy the retailer out of bankruptcy and save roughly 50,000 jobs.
|
|
She found a link between relationship violence and bankruptcy — women filing for bankruptcy were much more likely to have experienced abuse than the general population.
|
|
The New York–based arm of the British outfit submitted a voluntary petition to declare Chapter 7 bankruptcy in a federal bankruptcy court in Manhattan.
|
|
Lawyers can be expected to seek a return in a bankruptcy case that is at least comparable to what they would get outside of bankruptcy.
|
|
The utility filed for a form of bankruptcy in June to shed $9 billion of debt, while Puerto Rico's government filed for bankruptcy in May.
|
|
The auction Sears was holding as part of its bankruptcy proceedings had already blown past a midnight deadline set by U.S. Bankruptcy Judge Robert Drain.
|
|
"Any bankruptcy judge will be really nervous about this one," said John Pottow, a professor at University of Michigan Law School who specializes in bankruptcy.
|
|
A four-day bankruptcy confirmation hearing in U.S. Bankruptcy Court in Manhattan ended last month after a bitter valuation battle between Breitburn and its shareholders.
|
|
The bankruptcy court has broad authority to control all matters involving the debtor's estate, including claims that are distantly related to the main bankruptcy case.
|
|
Federal Bankruptcy Court Judge Robert Drain, who is hearing the bankruptcy case, would have to approve the plan before Sears could be purchased by ESL.
|
|
Gawker filed for bankruptcy in June, with a prepackaged acquisition proposal from Ziff Davis, setting the floor for any other offers at the bankruptcy auction.
|
|
In its voluntary Chapter 7 bankruptcy petition in U.S. Bankruptcy Court in Indianapolis, ITT listed assets and liabilities each between $100 million and $500 million.
|
|
He spent the past two days adopting the more liberal positions on college affordability and bankruptcy reform preferred by Sanders (college) and Elizabeth Warren (bankruptcy).
|
|
One notable store to survive bankruptcy is Sears Holdings, which was controlled by hedge fund investor Eddie Lampert when it filed for bankruptcy last fall.
|
|
While bankruptcy would normally be a good option, he argued, the fact that planes were grounded due to the pandemic might make bankruptcy rules unworkable.
|
|
Earlier Monday, Reorg Research, a news service focused on bankruptcy and distressed debt, reported Toys R Us could file for bankruptcy as soon as Monday.
|
|
Purdue said in court filings it will ask U.S. Bankruptcy Judge Robert Drain to pause the lawsuits brought by governments while the bankruptcy goes forward.
|
|
Boy Scouts of America The Boy Scouts of America, which celebrated its 13th anniversary February 8, filed for bankruptcy in Delaware bankruptcy court early Tuesday.
|
|
Forever 22018 files for bankruptcy In the latest blow to the retail industry, Forever 29 said over the weekend that it had filed for bankruptcy.
|
|
On Thursday, it filed for Chapter 1.53 bankruptcy protection just under four years after declaring bankruptcy and receiving financing from Blackstone, the private equity firm.
|
|
Retailers often file for bankruptcy with the intention of staying in business, only to end up closing all of their stores during the bankruptcy process.
|
|
In 240, President Bill Clinton named him to the National Bankruptcy Review Commission, with a mandate to study and propose amendments to the bankruptcy laws.
|
|
In 2018, the rate of adults ages 65 and older who filed for bankruptcy more than doubled since 1991, according to AARP's "Consumer Bankruptcy Project" report.
|
|
According to U.S. bankruptcy court filings, the house was sold for $5.925 million shortly after Berg's Meridian Mortgage Investor Funds went into Chapter 11 bankruptcy protection.
|
|
PG&E's bankruptcy stay should keep the lawsuit on hold, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said in a memorandum decision.
|
|
Since 211, personal bankruptcy filings have dropped about 50 percent, from 1.5 million in 2010 to about 770,000 in 2016, according to the American Bankruptcy Institute.
|
|
New laws were also introduced in 2015 to reduce the country's bankruptcy rates after the number of bankruptcy orders hit a four-year high in 2013.
|
|
Dynegy entered Chapter 11 bankruptcy in 2011, and Vistra itself was spun out of the bankruptcy of Energy Future Holdings, one of the largest in history.
|
|
Breitburn lawyer Ray Schrock urged U.S. Bankruptcy Court Judge Stuart Bernstein to approve the reorganization plan and bring the complex, 18-month bankruptcy to a close.
|
|
The unit of Spanish renewable energy company Abengoa SA filed for bankruptcy nearly a year ago following involuntary bankruptcy petitions against two subsidiaries by grain suppliers.
|
|
Puerto Rico's bankruptcy dwarfs Detroit's, the previous record holder for municipal bankruptcy at $18 billion in debt and obligations that was ultimately reduced by $25.53 billion.
|
|
Bankruptcy experts said school districts might threaten to enter bankruptcy but rarely took the step, partly because of the damage it would inflict on the city.
|
|
But even the big guys like Sallie Mae have acknowledged publicly that yes, okay, the bankruptcy protections, or the bankruptcy laws, probably need to be revisited.
|
|
Over the weekend, Biden endorsed Warren's bankruptcy plan, saying that "few people in the country understand how bankruptcy hurts working families more" than the Massachusetts senator.
|
|
The company filed a petition under Chapter 7 of the bankruptcy code on Tuesday in United States Bankruptcy Court in the Southern District of New York.
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Of note: Bankruptcy-related defaults have increased this year, reaching a global total of 28 — already the second-highest number of bankruptcy-related defaults since 2009.
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The 63-year old discount shoe retailer filed for Chapter 11 bankruptcy protection on Monday, less than two years after it emerged from its previous bankruptcy.
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Fires push company to bankruptcy PG&E filed for bankruptcy in January to shed some of its debt and pay for damages and stay in business.
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Biden and Warren previously clashed over a 2005 bankruptcy bill that made it more difficult for individuals to get out of debt by filing for bankruptcy.
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This order of payment in bankruptcy is often referred to as the absolute priority rule, though the term does not appear in the bankruptcy code itself.
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Power company in bankruptcy PG&E filed for bankruptcy protection in January after coming under pressure from billions of dollars in claims tied to deadly wildfires.
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Prior to the bankruptcy filing, Cosi said it closed 29 of its 74 company-owned restaurants, but its 31 franchised locations were unaffected by the bankruptcy process.
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Golfsmith's bankruptcy on Wednesday comes nearly three years after golf retailer Edwin Watts Golf Shops filed for bankruptcy, also in part due to waning interest in golf.
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Settlements and bankruptcy aren't enough -- we need transparency It is for this reason that the current bankruptcy proceedings (and the associated settlement under negotiation) are so concerning.
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Payless Cashway — not to be confused with the discount shoe retailer — filed for bankruptcy in 1997, then went out of business following a subsequent bankruptcy in 2005.
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The bankruptcy process will cover about half of Puerto Rico's debt, though other local public agencies are restructuring out of court, and some could enter bankruptcy later.
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Were rue21 to file for bankruptcy again, it would join retailers such as Wet Seal and American Apparel that went through the bankruptcy process more than once.
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U.S. Bankruptcy Judge Meredith Jury in recent months has been signaling support for the Southern California city's plan to emerge from Chapter 9 bankruptcy after four years.
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The old secured lenders will also continue as lenders under a debtor-in-possession loan in bankruptcy and under an "exit facility" as the company leaves bankruptcy.
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Judge Kevin Gross of the U.S. Bankruptcy Court in Delaware said in an order Kirkland's work in the bankruptcy is in the best interests of Forever 21.
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Chapter 11 bankruptcy isn't as extreme as other forms of insolvency: uBiome won't be liquidating as it would if it had declared Chapter 7 bankruptcy, for example.
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Oddly enough, the rest of the bankruptcy code still applies — in fact, you will find a U.S. Bankruptcy Court in the cobblestone streets of Old San Juan.
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For this second bankruptcy filing, Patriot chose to file in Richmond, Va., where restructuring experts say some judges are eager to move large bankruptcy cases through quickly.
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Chandler, Arizona-based Insys said it filed for bankruptcy in U.S. Bankruptcy Court in the District of Delaware to facilitate a sale of its assets, including Subsys.
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Bankruptcy filing for California utility: Pacific Gas and Electric sought bankruptcy protection today in anticipation of billions of dollars in liability claims for two years of wildfires.
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If MoviePass files for bankruptcy, it probably wouldn't "have any assets, and the only people who would get anything would be the bankruptcy lawyers," Ben-Shahar says.
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Other amendments concern the disclosure of bankruptcy proceedings under the country's bankruptcy law in an effort to boost governance and transparency in the market, the CMA said.
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He was behind the high-profile bankruptcy of Mission Coal a few years ago and has been involved in at least 10 bankruptcy cases over the years.
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Jeans company True Religion Apparel and perfume wholesaler and retailer Perfumania are set to emerge from bankruptcy with at least some of their stores in operation, according to interviews with bankruptcy attorneys and a Reuters review of financial information of more than 221 retailers shared with bankruptcy courts.
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The publicly filed motion even goes so far as to assert that Jawbone has declared bankruptcy, despite the absence of any bankruptcy petition to cite and the fact that discovery obtained in this Investigation even in the last week is inconsistent with a company that has declared bankruptcy.
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The matter will now be decided by the judge overseeing PG&E's bankruptcy "in the coming weeks," according to the documents filed in U.S. Bankruptcy Court on Friday.
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It has a proposal in hand for $800 million in bankruptcy financing from the credit arm of Apollo Global Management , which must be approved by a bankruptcy judge.
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That's why the bankruptcy nerds who post to a blog called Credit Slips were shocked in 2.353 when a decade-old bankruptcy case became a hot political topic.
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Although the bankruptcy code has tools for getting reluctant creditors to go along when a majority agrees to a settlement, Puerto Rico does not have access to bankruptcy.
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The majority of the cost of filing for bankruptcy comes in the form of attorney fees for a bankruptcy lawyer who will handle your case with the court.
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The court that handles such bankruptcy cases, the National Company Law Tribunal (NCLT), should first test the intent of any operational creditor making a bankruptcy plea, he added.
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PK said it sought approval from a U.S. bankruptcy court last month to sell its core assets as part of a plan to emerge from Chapter 11 bankruptcy.
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At the suggestion of the U.S. Securities and Exchange Commission, Irizarry appointed former bankruptcy judge Melanie Cyganowski, now head of law firm Otterbourg's bankruptcy group, as Schwartz's replacement.
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Her namesake luxury label filed for bankruptcy in December 2015, costing millions of her personal investment and compensation, and forcing her to seek voluntary Chapter 11 bankruptcy protection.
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The automakers could also try to use the tools of bankruptcy to protect themselves from lawsuits by car owners for the faulty air bags, according to bankruptcy attorneys.
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But market distrust drove Enron into bankruptcy, with a downward stock spiral that made its bankruptcy seem like an inevitability, leaving everyone scared to do business with it.
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After a bankruptcy, it's especially critical that your report accurately reflects you're no longer being held liable for any of the debt that was erased during your bankruptcy.
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Chapter 9 allows states to authorize municipalities and independent agencies to declare bankruptcy, but does not permit states to themselves declare bankruptcy and restructure general obligation (GO) debt.
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"You exchange not having that debt for having a bankruptcy on your report," said Ike Shulman, co-chair of the National Association of Consumer Bankruptcy Attorneys' legislative committee.
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Bebe could consider filing for bankruptcy to settle favorably with landlords of their stores, Joel Levitin, a partner in law firm Cahill Gordon & Reindel's bankruptcy & restructuring practice, said.
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If Gordon files for bankruptcy, Linder says a bankruptcy trustee would be appointed on the case and would "dig deep" into both Gordon's current and past asset structure.
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After two days of haggling, U.S. Bankruptcy Judge Robert Drain set a Wednesday deadline to complete the bankruptcy auction for the 126-year-old retailer, the people said.
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Bankruptcy filing for Boy Scouts: Facing a surge of legal costs over its handling of sexual abuse allegations, the Boy Scouts of America filed for bankruptcy protection today.
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On Wednesday, the defunct movie-ticket-subscription service declared Chapter 7 bankruptcy, according documents filed with the United States Bankruptcy Court for the Southern District of New York.
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But some legal experts said the new complaint is an effort to protect the Sacklers through the bankruptcy process even though they themselves are not filing for bankruptcy.
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Even when retailers are able to emerge from the bankruptcy process, they often struggle and end up shutting down in relatively short order following a second bankruptcy filing.
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It has a proposal in hand for $800 million in bankruptcy financing from the credit arm of Apollo Global Management, which must be approved by a bankruptcy judge.
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General Wireless bought RadioShack's assets, including rights to the brand, after the company filed for bankruptcy protection in 2015 and took it through a second bankruptcy in 2017.
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The sale of the Invepar stake was key to helping OAS emerge from bankruptcy protection proceedings, and came days after a Brazilian bankruptcy judge approved a recovery plan.
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BlueMountain Capital Management, which owns PG&E stock and opposes the company's bankruptcy, says PG&E's last bankruptcy, filed in 2001, cost more than $400 million in fees.
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Ordinarily bankruptcy protection halts all litigation, but Mr. Arenson persuaded the bankruptcy judge that his clients deserved their day in court, and the case was allowed to proceed.
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Initiates voluntary chapter 11 bankruptcy protection proceeding * Atoptech inc - expects that a bankruptcy auction will take place in mid-march 2017 and sale will be completed by march 31, 2017 * Atoptech has retained dorsey & whitney as bankruptcy counsel and cowen and company as its investment banker Source text for Eikon:
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After the dot-com crash, the company sold a 58% of its UK business to avoid bankruptcy, and filed for Chapter 11 bankruptcy in the US. The company was able to restructure and get out of bankruptcy in less than a year, and eventually purchased back its entire UK business.
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The U.S. trustee, the government's bankruptcy watchdog, in a filing on Friday in U.S. Bankruptcy Court for the Southern District of New York said it had appointed the government's pension insurer and CVS units that manage pharmacy and prescription benefits to the official unsecured creditors' committee in Purdue's Chapter 11 bankruptcy.
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Some of the workers who had lost their jobs in store closings just before the bankruptcy filing also had their severance payments cut off because of the bankruptcy case.
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Movie producer Killer Content also said bankruptcy would be the best option for the company and that it may be interested in the studio's assets in a bankruptcy auction.
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A bankruptcy judge in Utah ordered that Noah's abruptly shutter its remaining reception halls across the US after the company filed for bankruptcy in May, according to local reports.
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In court filings with the U.S. Bankruptcy Court in Delaware, Remington has said that if creditors and the court approve, it could emerge from bankruptcy protection by this summer.
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Caesars Entertainment's (CZR) deal with creditors to bring the casino operator's operating unit out of bankruptcy has been brought under question by a lawyer for the government's bankruptcy watchdog.
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It went through a bankruptcy process last year to reduce its debt, but its difficulties continued as its cash on hand dwindled even after emerging from bankruptcy in August.
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Kevin Gray, 45, joined Bradley in September and will add to Bradley's real estate, bankruptcy and banking teams, while expanding the lending practice with his experience in bankruptcy litigation.
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Without this change to the law, bankruptcy experts say, farmers whose debts exceed $4.15 million are forced to use Chapter 11 bankruptcy protection, which is more costly and onerous.
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Half of the 20 retailers studied that filed for bankruptcy pre-2005 law changes, successfully restructured debt and emerged from bankruptcy, 15 percent were sold, and 35 percent liquidated.
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The company said in a filing on Monday that the bankruptcy court entered an order confirming debtors' amended joint plan of reorganization under Chapter 11 of the bankruptcy code.
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" Peabody Energy Corporation: "This company has come out of bankruptcy, and it's come out of bankruptcy at a very, very large valuation, and I don't think that's necessarily right.
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After each of the developments ended up in Bankruptcy Court, a federal bankruptcy judge admonished the Credit Suisse bankers by calling the loans "doomed to failure" from the outset.
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A U.S. Bankruptcy judge lacked the power to order Detroit's water department to halt shutoffs during the city's historic Chapter 9 bankruptcy, a federal appeals court ruled on Monday.
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In its voluntary Chapter 7 bankruptcy petition in United States Bankruptcy Court in Indianapolis, ITT listed assets of $100 million to $500 million and liabilities of the same amounts.
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A lawyer for Chrisley told People in 2014 that the bankruptcy was the result of a real estate development loan gone bad, but bankruptcy trustee Pettie was still suspicious.
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So rather than amend the existing bankruptcy laws to admit Puerto Rico, Congress enacted a separate law, similar to bankruptcy, under the Territorial Clause of the United States Constitution.
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But such a rapid-fire bankruptcy has never before been tried, and under the bill, it must be completed in 48 hours — faster than almost any bankruptcy on record.
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In a statement on Thursday, Dentons said the engagement would be led by bankruptcy partner Sam Alberts, who represented a committee of retirees in Detroit's municipal bankruptcy in 2013.
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With all that money at stake, the bankruptcy proceedings have been bitterly fought with the bankruptcy trustee — the person appointed to oversee the debtor's estate — pursuing everyone in sight.
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Andrew's handwritten note to U.S. Bankruptcy Judge Keith Phillips was entered into the filings for the retailer in the United States Bankruptcy Court for the Eastern District of Virginia.
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Movie producer Killer Content also said bankruptcy would be the best option for the company, and that it may be interested in the studio's assets in a bankruptcy auction.
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Gawker filed a separate lawsuit in bankruptcy court on Friday asking the judge to extend the bankruptcy court protections to Denton, Daulerio and other former and current Gawker employees.
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In fact it is common for retailers who try to use bankruptcy to reorganize to end up with a second, final trip to bankruptcy court in relatively short order.
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"It's why when we wrote about this we titled our paper 'illness and injury' as a cause of bankruptcy, not 'medical expenses' as a cause of bankruptcy," he said.
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She said she believed the bankruptcy, which was filed with the United States Bankruptcy Court for the southern district of Indiana, will hasten claim payments to all the plaintiffs.
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Instead of pushing the casino into an immediate bankruptcy, Mr. Ross and Mr. Icahn worked with Mr. Trump and others to structure a more orderly bankruptcy filing in 1991.
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While we shouldn't expect a bankruptcy bank restructuring to become as routine as bankruptcy has become for airlines, we can get closer to that limit than we are now.
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Westinghouse also said in its bankruptcy filing that it had taken out an $800 million loan from a group led by Citigroup to support itself through the bankruptcy process.
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Bankruptcy followed bankruptcy, but because Trump's family money was protected by corporate structures, he maintained his high-profile lifestyle and kept on promoting himself as a super-successful businessman.
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The Sacklers are hoping that Purdue's bankruptcy will shield them from lawsuits like the one filed by Stein, but it's not clear if the bankruptcy judge will allow it.
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The Sacklers are hoping that Purdue's bankruptcy will shield them from lawsuits like the one filed by Stein, but it's not clear if the bankruptcy judge will allow it.
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The bankruptcy isn't the end for the chain, but Sears and Kmart's parent company plans to close 142 of its worse performing stores as part of the bankruptcy plan.
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In 1984, Congress passed a federal bankruptcy law denying the island (and Washington, DC) any semblance of statehood status that, by extension, barred it from filing Chapter 9 bankruptcy.
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" - Jackie, 223 "I've had to declare bankruptcy. Twice.
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The "Real Housewives of New Jersey" stars were convicted in 2014 of bankruptcy fraud, conspiracy to commit mail fraud, wire fraud and failing to pay taxes stemming from the bankruptcy.
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Spokespeople for the bankruptcy attorney for Sears Holdings, the old company that continues to exist in bankruptcy court, did not immediately respond to a request for comment from CNN Business.
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Peabody has said it hopes to exit bankruptcy within a year of its 2016 filing, and the recent improvement in coal prices has made a consensual bankruptcy reorganization more likely.
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Sears on Tuesday had planned to tell the bankruptcy court it had rejected Lampert's $20143 billion offer to buy the retailer, after it fell short of covering its bankruptcy expenses.
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Weinstein bankruptcy: The Weinstein Company, the film studio founded by disgraced mogul Harvey Weinsein, announced it's filing for bankruptcy after last-ditch efforts to sell the company's assets fell through.
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In the midst of its bankruptcy proceedings, it lost $318 million during the November-December holiday season, according to SEC filings, though some of that was because of bankruptcy costs.
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"USA Gymnastics today filed a voluntary petition for protection under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Indiana," the statement said.
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By law, contracts — including bond pledges — cannot be unilaterally broken except in bankruptcy, but as a United States territory Puerto Rico has no standing to seek protection under bankruptcy statutes.
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The comptroller office said that from December 2011 to November 2013, JPMorgan's payment change notices in bankruptcy court didn't comply with bankruptcy rules and were "unsafe or unsound" banking practices.
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Retailers will often use "bankruptcy to reorganize by shedding debt and closing stores, but often these companies end up with a second bankruptcy soon after," as CNN Business points out.
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Publicly traded Legacy in a statement said it expects to file for bankruptcy in U.S. Bankruptcy Court for the Southern District of Texas after notching the plan with its lenders.
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It requires trusts created under the bankruptcy code to file quarterly reports on their public bankruptcy dockets that include information on demands for payments and the basis for payments made.
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The retailer exited bankruptcy with a loan backed by its assets of up to $125 million, and a term loan of $50 million, according to court filings from its bankruptcy.
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An operator of three gas-fired power plants filed for bankruptcy on Monday with a prepackaged plan of reorganization, the second trip through bankruptcy for the company in four years.
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Such debt can even increase one's chance of filing for bankruptcy, Lusardi said, pointing to another study that showed bankruptcy filings growing fastest among Americans over the age of 65.
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A former partner of Michael Avenatti is accusing Avenatti of hiding millions of dollars from a federal bankruptcy court overseeing his law firm's bankruptcy, according to the Los Angeles Times.
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A new bill, the Student Borrower&aposs Bankruptcy Relief Act of 2019, would get rid of the part of bankruptcy code that makes it so difficult to discharge student debt.
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You tell the story of the people he screwed over in bankruptcy after bankruptcy, paying pennies on the dollar to these small businesses that helped build his low-end casinos.
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More than one million families a year were going bankrupt in the mid-'90s, and Congress established the National Bankruptcy Review Commission to suggest how to change the bankruptcy code.
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The company, with 308 stores in the United States, Canada and Britain, filed to reorganize under federal bankruptcy laws in November but is expected to emerge from bankruptcy in January.
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And a bankruptcy judge in Houston, David R. Jones, this week ordered limited discovery in the bankruptcy of Westmoreland Coal, where McKinsey's role representing the company is also being challenged.
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SUNDAY BUSINESS An article last Sunday about a dispute between the bankruptcy adviser Jay Alix and McKinsey & Company described incompletely a hearing before the bankruptcy court Judge David R. Jones.
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In particular, Congress's proposed bankruptcy process for banks tries to move the "single point of entry" strategy developed for the big banks in orderly liquidation authority to the bankruptcy court.
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Franklin California Tax-Free Trust, concerning the inapplicability of the 10th Amendment to Puerto Rico and its inability to legislate a territorial bankruptcy law parallel to the Federal Bankruptcy Code.
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They surveyed bankruptcy filers and found that two-thirds "very much agreed" or "somewhat agreed" that medical expenses or medical problems causing a loss of work contributed to their bankruptcy.
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The coming court proceedings will not be formally called a bankruptcy, since Puerto Rico remains legally barred from using Chapter 9, the bankruptcy route normally taken by insolvent local governments.
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Lawyer Jan Gruvstad, who is handling ATN's bankruptcy, told Reuters he could not immediately comment on what ATN was worth or on how soon the bankruptcy procedure would be completed.
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The company said it had secured a deal with certain secured lenders to restructure its debts and reemerge from bankruptcy, an accord that would require a federal bankruptcy judge's approval.
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Franklin California Tax-Free Trust, concerning the inapplicability of the Tenth Amendment to Puerto Rico and its inability to legislate a territorial bankruptcy law parallel to the Federal Bankruptcy Code.
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Its filings in the bankruptcy case point to the strong reputation of Sears' Kenmore appliance and DieHard automotive brands, which will stay with the company as it emerges from bankruptcy.
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Employees who received checks more than 180 days before the company filed for bankruptcy, or if they are owed more than $123,850, become creditors in the bankruptcy process — putting total payment of that money at risk since it's paid out after more senior debt holders, as is standard with Chapter 11 bankruptcy protection.
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The Caribbean island has been in an economic recession for over a decade and in May 2017 it filed for bankruptcy, the biggest municipal bankruptcy filing ever in the US. Four months after filing for bankruptcy, Puerto Rico was hit by the strongest storm the island has seen in 85 years: Hurricane Maria.
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A WARNING ON BANKRUPTCY IN PUERTO RICO'S CRISIS | Experts in financial distress told lawmakers in Washington that Puerto Rico's financial troubles are so complex that bankruptcy alone would not solve them,
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Most producers favored converting debt into equity as their strategy to exit bankruptcy, with asset sales a distant second, said Ian Peck, chair of the firm's bankruptcy and business restructuring section.
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While the legislation will include bankruptcy language, it is not a stealthy way around a prohibition for Puerto Rico to use the U.S. bankruptcy code to restructure its debt, Bishop said.
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U.S. Bankruptcy Judge Barry Schermer, who oversaw Peabody's bankruptcy, denied a request on Friday by a group of dissenting bondholders to stay the Chapter 11 confirmation while they prepared an appeal.
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Family Christian's bankruptcy was noteworthy as U.S. Bankruptcy Judge John Gregg took the unusual step of finding that the company's auction of its business was "flawed" and ordered a new sale.
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This would especially seem to be the case considering that Title III would afford the island with the same bankruptcy protection from creditors as Chapter 9 of the U.S. Bankruptcy Code.
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The retailer claims Sycamore pushed it into bankruptcy and has asked a U.S. bankruptcy court judge to bar the private equity firm from using the money it is owed to bid.
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A group of 13 vendors filed an objection on Monday pushing bankruptcy judges to move Sears from Chapter 11 bankruptcy status to Chapter 7, effectively mandating liquidation that would cease operation.
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Success was had in the bankruptcy court, but bankruptcy court rulings are subject to review in the district court, and that is where the Lyondell shareholders met Judge Denise L. Cote.
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Year founded: 1985Peak valuation: $8.4 billion in 1994Declared bankruptcy: September 2010Even though Blockbuster filed for bankruptcy nearly a decade ago, there's one privately-owned Blockbuster franchise store left in the world.
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When the Sports Zone and the Sports Authority filed for bankruptcy in recent years, they owed millions of dollars to Nike, one of the top unsecured creditors in both bankruptcy cases.
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In 1981, she added a bankruptcy class and discovered a question that she wanted to answer empirically: Why were personal bankruptcy rates rising even when the economy was on the upswing?
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Restructuring and bankruptcy lawyers are working around-the-clock to field calls from clients about loan covenants, payment obligations to creditors, and — in some instances — the prospect of filing for bankruptcy.
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Although the report said a restructuring would aim to avoid "a potential bankruptcy filing down the road," the report sparked fears of a bankruptcy which would wipe out the company's shareholders.
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India introduced bankruptcy resolution rules in 2016, after which the central bank initially notified 12 defaulters and then another 28 that the bankruptcy court would take steps to resolve their debts.
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"It would be reasonable to expect that as bankruptcy filings continue to occur, you will continue to see DIP financings," said Brian Trust, restructuring, bankruptcy and insolvency partner at Mayer Brown.
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Bankruptcy is a critical part of the political origin story of Ms. Warren, whose new plan would make it easier for families to file for bankruptcy and increase accountability for creditors.
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Her plan also would allow student loan debt to be discharged in bankruptcy — which currently is difficult to do — along with other changes intended to make bankruptcy more accessible to consumers.
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After bankruptcy scares in New York City and Cleveland in the 2000s, Congress set about making amendments to the part of the bankruptcy law that cities and counties use, Chapter 9.
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Yet a change in bankruptcy rules could be in the interest of the student loan industry as well, said Ed Boltz, vice president of the National Association of Consumer Bankruptcy Attorneys.
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Much of this is fairly dry academic fare like 143's "Financial Characteristics of Businesses in Bankruptcy" (co-authored with Jay Lawrence Westbrook and published in the American Bankruptcy Law Journal).
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Reuters - A U.S. bankruptcy judge said on Thursday he
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Unauthorized changes to mortgage repayment terms in bankruptcy — check.
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If "Sears gets to bankruptcy, there's a chance that all of the choice assets will have already been sold," said Stephen Lubben, a Seton Hall law school professor who specializes in bankruptcy.
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U.S. footwear and apparel company Nine West filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than $1 billion, the company said on Wednesday.
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When Sears filed for bankruptcy last week, it said Lampert's hedge fund, ESL Investments, was in talks to lead a $300 million debtor-in-possession loan to support the retailer through bankruptcy.
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Beyond the $300 million bankruptcy financing package from its existing lenders that Sears secured on Monday, the retailer said it was negotiating an additional $300 million in bankruptcy financing from Lampert's ESL.
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While its sister sites were sold to Univision in August 2016 for $135 million following Gawker Media's bankruptcy, a bankruptcy plan administrator has not been able to find a buyer for Gawker.com.
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Now, Remington is seeking to halt the class-action case entirely, at least temporarily, under a provision in federal bankruptcy law that automatically stays outside litigation while a bankruptcy case is pending.
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Despite those objections, Judge Robert Drain of the United States Bankruptcy Court in White Plains, New York, accepted Purdue's bankruptcy filing and has begun to forge a plan to distribute its billions.
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Mt. Gox is now undergoing bankruptcy rehabilitation in Japan, overseen by court-appointed trustee and veteran bankruptcy lawyer Nobuaki Kobayashi to establish a process for compensating the 24,000 victims who filed claims.
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The downgrade follows China Fishery's announcement on 22852 June that the company and its subsidiaries had filed for US bankruptcy protection under Chapter 29935 and Chapter 20153 of the US bankruptcy code.
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ExGen Texas Power, an affiliate of Exelon Corp, filed for bankruptcy protection in November for five natural-gas plants, the second such bankruptcy in Texas last year attributed to low power prices.
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The company said in the bankruptcy filing that it would owe roughly $9.4 million in wages and benefits to these employees, and it requested authorization from the bankruptcy court to honor this.
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Separately on Tuesday, SunEdison won U.S. Bankruptcy Court approval for more time to file a plan for emerging from bankruptcy, beating back an objection to an extension by its unsecured creditors committee.
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Payless ShoeSource has filed for bankruptcy protection — and intends to close all of its stores in the U.S. and Puerto Rico — just 2 years after it emerged from its last bankruptcy proceeding.
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Laster pointed out that judgment creditors typically line up in front of all shareholders in bankruptcy, but said he needed to hear from both sides on the impact of the bankruptcy provision.
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However, exiting bankruptcy could take longer if there are more wildfires while PG&E is in bankruptcy, a real threat given that climate change has turned the blazes into an annual occurrence.
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The new law introduces a "new debtor in possession bankruptcy regime" for debtors that have filed for bankruptcy but still hold assets, according to a statement on the Dubai's ruler official website.
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NEW YORK (Reuters) - A scheduled hearing on Thursday in U.S. Bankruptcy Court for the Southern District of New York on a $300 million bankruptcy loan for renewable energy company SunEdison Inc SUNEQ.
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Examiner Anton Valukas of Jenner & Block issued a 2,200-page report to the bankruptcy court on the failure of Lehman Brothers Holdings Inc, by far the largest and most complex bankruptcy ever.
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A U.S. bankruptcy court ruling in June that a federal regulator had no say in whether utility PG&E may reject its power purchase agreements if it chooses to while in bankruptcy.
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When Sears filed for bankruptcy in October, it said it hoped to stay in business, using the bankruptcy process to shed debt and other costs to become a smaller, more competitive retailer.
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It certainly does not reflect well on the company's board, which should have gotten bankruptcy professionals involved early to prepare the bankruptcy filing and account for the company's assets throughout the world.
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SENATE DEMS RELEASE PUERTO RICO BANKRUPTCY BILL: Senate Democrats have unveiled legislation to alleviate Puerto Rico's debt woes, urging that the island be allowed to declare bankruptcy on all of its debt.
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But those debts are likely to be pulled into the bankruptcy, or included in separate bankruptcy proceedings in coming days, Elias Sanchez, an adviser to Governor Ricardo Rossello, told Reuters on Wednesday.
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Under normal circumstances, a city or county or business in this situation would file for bankruptcy to reduce its debt burden, but the existing bankruptcy code doesn't let Puerto Rico do this.
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Here's Blitzer trying to ask Trump if he agrees the bankruptcy law should change: WOLF BLITZER: They're prevented from using the bankruptcy laws, Puerto Rico, as opposed to all the US states.
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Ralph Esmerian, the buyer, filed for bankruptcy in 2008 and was subsequently sentenced to six years in prison for bankruptcy and wire fraud and concealing assets as part of an embezzling scheme.
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The current bank insolvency structure uses bankruptcy first, with orderly liquidation authority backing up the bankruptcy code in times of extreme financial stress, like what we saw back in 2008 and 2009.
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New York-based U.S. Bankruptcy Judge Michael Wiles said at a hearing he would give Pacific Drilling an additional 60 days for its exclusive period for filing a Chapter 11 bankruptcy plan.
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Bankruptcy will make it harder for abuse survivors to seek justiceThe Boy Scouts' decision to file for bankruptcy both clarifies and complicates the path forward for people who say they were abused.
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"The actual purpose of filing and prosecuting this bankruptcy case is for the debtor and its 113% shareholder to use this bankruptcy court, and the bankruptcy code, to assist them in obtaining a result that is contrary to federal criminal law under the Controlled Substances Act, and therefore contrary to federal public policy," Judge Tucker wrote.
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And then they filed bankruptcy — which I didn't even know because she lied to me about all that — and then when they knew they were getting over their heads because they lied about a lot of stuff on their bankruptcy, they tried to withdraw the bankruptcy, which drew a ton of red flags to the district attorney. ….
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In a filing with the U.S. bankruptcy court in San Francisco, the committee of senior unsecured noteholders of Pacific Gas and Electric Co also sought to terminate the utility's exclusive period to file and confirm its own bankruptcy plan, saying "the need to exit bankruptcy expeditiously is paramount" and PG&E has been too slow to file a plan.
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Among the clients for whom Warren consulted were the attorneys for Rabobank, a Dutch financial institution that became a creditor in the Enron bankruptcy; former directors of Getty Oil, who were involved in Texaco's bankruptcy; and women whose allegations of harm from silicone breast implants produced by Dow Corning were imperiled when the company filed for bankruptcy.
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Children's clothing retailer Gymboree Group is expected to file for bankruptcy protection as soon as this week, CNBC has reported, in what would be its second bankruptcy filing in less than two years.
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The CFP Board of Standards says nearly one-third of lottery winners eventually declare bankruptcy, and lottery winners are more likely to declare bankruptcy within three to five years than the average American.
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Schahin's lawyers plan to challenge the decision before São Paulo-based bankruptcy judge Marcelo Sacramone, who was analyzing the bankruptcy protection request that Schahin had introduced back in April, the same source added.
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While the layman sees bankruptcy as something to steadfastly avoid, Trump said in the first Republican debate in August 2015 that bankruptcy laws are simply another tool at the disposal of the entrepreneur.
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PK filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a "loan to own" scheme to push the chain into bankruptcy.
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While Detroit — unlike Puerto Rico and Washington — could avail itself of a Chapter 9 bankruptcy, which it did in 2013, bankruptcy law requires the state government to acquiesce before a municipality does so.
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Bausch has offered $200 million in cash and assumption of some liabilities for Synergy, which sought Chapter 11 bankruptcy protection last month in U.S. Bankruptcy Court for the Southern District of New York.
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Similar funds were set up in and the 1985 bankruptcy of A.H. Robins Co, which sold Dalkon Shield contraceptive devices and the 1995 bankruptcy of Dow Corning, the maker of silicone breast implants.
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The firms should instead draw down retainers at the first hearing on fee applications, the government's bankruptcy watchdog said in a filing in U.S. Bankruptcy Court for the Southern District of New York.
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AND I THINK, THEY GOT, I THINK, AFTER THE BANKRUPTCY –BENNETT PRESIDED OVER BANKRUPTCY, HE DESTROYED ALL THE VALUE, GOT $73 MILLION AND NOW HE'S TRYING TO DO IT AGAIN, HE'S STILL THERE.
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Gores will be coming in nearly four years after Hostess's former parent company filed for Bankruptcy Court protection under Chapter 503 of United States bankruptcy law, prompting fears that Twinkies might become extinct.
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This new holding company addressed the obvious bankruptcy law problems that would result from previous plans to have the bankrupt holding company transfer money to its venerable subsidiaries just before filing for bankruptcy.
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Small businesses have had to declare bankruptcy after being victimized, and larger firms have been similarly affected, including Mattel and jeans retailer Diesel, which attributed its bankruptcy in part to pervasive wire fraud.
|
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While some retailers filed for Chapter 11 bankruptcy protection for the first time this year, others went through a so-called Chapter 22 scenario, where it was their second time in bankruptcy court.
|
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The federal bankruptcy code bans Puerto Rico from declaring bankruptcy, and by 2016, it was defaulting haphazardly on payment after payment, without any way to take shelter from the many resulting creditor lawsuits.
|
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In 22018, Congress had passed a major revision to the bankruptcy code; between the early eighties, when Warren began researching the subject, and the mid-eighties, the number of personal-bankruptcy filings doubled.
|
|
Robert Julian, a lawyer for the wildfire victims, said in bankruptcy court on Tuesday that PG&E's settlement with the insurance-claims holders had become "the elephant in the room" in the bankruptcy.
|
|
Hasbro warned last October of weak holiday sales due to the bankruptcy of retailer Toys R Us. Residual effects from the bankruptcy weighed heavily on rival Mattel's earnings during the crucial holiday period.
|
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EP in the papers filed by its lawyers at Weil Gotshal & Manges in U.S. Bankruptcy Court in Houston said the plan also provides for a "significant" investment to help with emerging from bankruptcy.
|
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In another case, the trustee's office, which oversees the bankruptcy system, said in a December court filing that McKinsey had "pervasive disclosure deficiencies" in its bankruptcy work with a Colorado coal-mining company.
|
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The powerful consultancy had branched into bankruptcy advising, poached some of his firm's employees and been hired by Harry & David, the seller of pear-laden fruit baskets, to advise its restructuring in bankruptcy.
|
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The mounting costs have led the company to consider bankruptcy.
|
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The Sports Authority bankruptcy has also weighed on Nike's revenues.
|
|
Morris Brown College in Atlanta filed for bankruptcy in 2012.
|
|
Gawker lost the trial and was forced to declare bankruptcy.
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You'll recall from the bankruptcy ... he owed SunTrust $4.9 million.
|
|
Usually, they're chasing an escape from bankruptcy or bad marriages.
|
|
Shree Renuka's Brazilian unit filed for bankruptcy protection in 2015.
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Just a month later, the candy makers filed for bankruptcy.
|
|
Suniva itself filed for Chapter 11 bankruptcy on April 20163.
|
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Selis had filed for bankruptcy in 2015, the newspaper reported.
|
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Chesapeake said it has no plans to pursue a bankruptcy.
|
|
U.S. Bankruptcy Judge Barry Schermer will preside at Thursday's hearing.
|
|
It expects to emerge from bankruptcy protection in early 2019.
|
|
Wayzata remains its majority owner, according to Monday's bankruptcy petition.
|
|
Since Sears filed for Chapter 11 bankruptcy protection on Oct.
|
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The Wall Street Journal first reported Gymboree's imminent bankruptcy plans.
|
|
Sears called up the bankruptcy judge to share the news.
|
|
The DeLorean Motor Company filed for bankruptcy a week later.
|
|
The bankruptcy filing put all of those suits on hold.
|
|
This is not Charming Charlie's first run in with bankruptcy.
|
|
Alimony, on the other hand, is not dischargeable in bankruptcy.
|
|
Pelletier told BuzzFeed News he's now considering filing for bankruptcy.
|
|
U.S. Bankruptcy Judge Kevin Gross in Delaware granted the Jan.
|
|
PK is reportedly expected to file for bankruptcy this month.
|
|
Prior to its bankruptcy, Sears had tried to sell assets.
|
|
Via bankruptcy, Purdue's money will become part of a trust.
|
|
The bankruptcy filing doesn't spell the end for the retailer.
|
|
Possibly even enough to keep Trump out of another bankruptcy.
|
|
Last week, Alitalia, of which it owns 49%, declared bankruptcy.
|
|
EZ Worldwide filed for Chapter 11 bankruptcy protection in January.
|
|
"Symbolically it's frustrating," he said of the Murray Energy bankruptcy.
|
|
Cambridge Analytica filed for bankruptcy and shut down in May.
|
|
Will Tesla file for bankruptcy by the end of 2019?
|
|
Nasty Gal filed for Chapter 11 bankruptcy protection last year.
|
|
U.S. Bankruptcy Judge Barry Schermer blessed the plan on Jan.
|
|
Thiel declined to comment to CNBC about the bankruptcy filing.
|
|
By contrast, filing for personal bankruptcy is a different matter.
|
|
Are There Debts That Filing For Bankruptcy Won't Wipe Out?
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Bankruptcy documents have not appeared in federal court filings yet.
|
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Under the new bankruptcy law, that will secure a restructuring.
|
|
It also involved preparing the company for Chapter 11 bankruptcy.
|
|
Bankruptcy is one option but not necessarily the most likely.
|
|
According to CNN, Trump filed for business bankruptcy four times.
|
|
Bankruptcy means nothing when you think you're going to die.
|
|
Barneys filed for bankruptcy once before, in the late 1990s.
|
|
Ultimately, the pursuit of Bandersnatch sent Imagine Software into bankruptcy.
|
|
It has been in and out of bankruptcy for years.
|
|
The process is cheaper and more stable than bankruptcy proceedings.
|
|
In 2017, Puerto Rico filed for the equivalent of bankruptcy.
|
|
"There are 23 forms to file for bankruptcy," he said.
|
|
In 2016 the group's container line, Hainjin Shipping, declared bankruptcy.
|
|
The bankruptcy process is expected to be lengthy and complicated.
|
|
The parent holding company of WaMu filed for bankruptcy protection.
|
|
The Essar case ends a winning streak for bankruptcy reformers.
|
|
But they're probably too busy filing for bankruptcy to answer.
|
|
Versa subsequently acquired Wet Seal out of its first bankruptcy.
|
|
Most companies lose all equity value as they face bankruptcy.
|
|
NewPage Corp, which Verso acquired, filed for bankruptcy in 2011.
|
|
Fegen's bankruptcy was one of the largest in American history.
|
|
REPUBLIC AIRWAYS recently filed for bankruptcy, and hardly anyone noticed.
|
|
The company entered into bankruptcy proceedings in September last year.
|
|
The retailer wanted another $80 million to cover bankruptcy expenses.
|
|
It was its second bankruptcy in less than two years.
|
|
Making matters worse, PREPA has been in bankruptcy since July.
|
|
Meanwhile, the hurricane has pushed back the island's bankruptcy process.
|
|
Electronics retailer Hhgregg filed for bankruptcy protection earlier this month.
|
|
There have been myriad legal disputes stemming from the bankruptcy.
|
|
Concerns that Sears is headed toward bankruptcy have been reignited.
|
|
K. manufacturer, which at the time was nearly in bankruptcy.
|
|
Hunter said the bankruptcy threat factored into the settlement talks.
|
|
My father amassed huge debt and eventually filed for bankruptcy.
|
|
It was cleared to exit bankruptcy court three months later.
|
|
When that failed, it moved to take them through bankruptcy.
|
|
Donahue said a bankruptcy regime would ensure 100 percent participation.
|
|
The deal is still pending approval by a bankruptcy judge.
|
|
Last summer reforms were introduced to speed up bankruptcy proceedings.
|
|
Several weaker outfits are teetering on the edge of bankruptcy.
|
|
Lehman's bankruptcy has been playing out in court for years.
|
|
William contested the judgment in a bankruptcy hearing, in 1992.
|
|
In a corporate bankruptcy, bondholders can take a company's equity.
|
|
The younger people, they've experienced the bankruptcy of the culture.
|
|
That decision essentially became redundant once Gawker filed for bankruptcy.
|
|
It suffered huge losses leading up to its 2009 bankruptcy.
|
|
City officials previously threatened to file for a municipal bankruptcy.
|
|
A Purdue bankruptcy filing is not certain, the sources said.
|
|
But bankruptcy law limits how much severance companies can pay.
|
|
The law only covers circuit, district, bankruptcy and magistrate judges.
|
|
Anchor Hocking filed for bankruptcy twice, most recently in 2015.
|
|
Officials have talked about the possibility of filing for bankruptcy.
|
|
The company's profitability was increasing when it filed for bankruptcy.
|
|
The company expects to emerge from bankruptcy later this year.
|
|
Under existing law, Puerto Rico is barred from declaring bankruptcy.
|
|
Mr. Karpeles filed for bankruptcy after months of unexplained behavior.
|
|
Bankruptcy sounds scary, but it's not all doom and gloom.
|
|
Normally a company's shares are canceled after a bankruptcy filing.
|
|
In 2013, the city filed for Chapter 9 bankruptcy protection.
|
|
The award amount forced SEIU Texas to seek bankruptcy protections.
|
|
Sears — once the world's largest retailer — was heading toward bankruptcy.
|
|
Under current law, Puerto Rico has no access to bankruptcy.
|
|
Chadbourne offers services including bankruptcy, financial restructuring, corporate and litigation.
|
|
Corinthian was accredited even as it declared bankruptcy in 2015.
|
|
Yet, she has no experience in municipal bonds or bankruptcy.
|
|
On Friday, the company filed for Chapter 7 bankruptcy protection.
|
|
When a person files for bankruptcy, it's a sad day.
|
|
"The bankruptcy law is a very important one," Seznec said.
|
|
The city of 10,000 people filed for bankruptcy in 2010.
|
|
Those aspects are not disclosed in the Purdue bankruptcy filing.
|
|
Eventually, the project ended up filing for bankruptcy in 2628.
|
|
It must first go to a bankruptcy judge for approval.
|
|
Kelly's argument shows the total moral bankruptcy of that position.
|
|
The bankruptcy was a huge news story at the time.
|
|
Energy Future Holdings filed its $42 billion bankruptcy in 2014.
|
|
At some point, they had each filed for bankruptcy protection.
|
|
The loan will help Theranos avert a possible bankruptcy filing.
|
|
Its previous owners declared bankruptcy and the project was stalled.
|
|
But bankruptcy doesn't always mean the end for a company.
|
|
Forever 210 filed for Chapter 290 bankruptcy protection on Sunday.
|
|
Already, he's got America on the vision for moral bankruptcy.
|
|
So, the company has filed for bankruptcy while it reorganizes.
|
|
Yes, the judge said, Green Jacobson's 2015 bankruptcy complicated things.
|
|
Like her mother before her, Miller was filing for bankruptcy.
|
|
Puerto Rico's dire circumstances are compounded by the commonwealth's bankruptcy.
|
|
But the R. G. Steel bankruptcy was far from typical.
|
|
Gawker Media filed for Chapter 11 bankruptcy three months later.
|
|
Oi filed in June for Brazil's largest ever bankruptcy protection.
|
|
He added that Abramovici filed for bankruptcy in late 2015.
|
|
N. It has also bought properties out of bankruptcy auctions.
|
|
Salvini warned at the time that his party faced bankruptcy.
|
|
Sears employed about 68,000 people when it filed for bankruptcy.
|
|
The bankruptcy court will govern Cuff creditor claims from here.
|
|
In January San Francisco's biggest taxi company filed for bankruptcy.
|
|
Sometimes bankruptcy can just make an awful company even worse.
|
|
The bankruptcy was first reported by The Wall Street Journal.
|
|
Beauty Brands filed for Chapter 11 bankruptcy on January 4.
|
|
Jeans company Diesel USA filed for bankruptcy on March 5.
|
|
Mr. Suozzi, as county executive, saved Nassau from near bankruptcy.
|
|
Buffett correctly predicted Energy Future Holdings would file for bankruptcy.
|
|
PBGC filed an objection to the sale in bankruptcy court.
|
|
In exchange, PES agreed to slow down the bankruptcy proceedings.
|
|
Now, she said, she is preparing to file for bankruptcy.
|
|
It will be up to a bankruptcy judge to decide.
|
|
Without such protection, some said it could potentially face bankruptcy.
|
|
Alitalia, the Italian flag carrier, filed for bankruptcy in May.
|
|
Puerto Rico already was fighting bankruptcy before the hurricane hit.
|
|
A crowdfunding campaign sputtered, and the circus filed for bankruptcy.
|
|
Amid these investigations, the Weinstein Company has toppled into bankruptcy.
|
|
Records show that the Turpins filed for bankruptcy in 2011.
|
|
Indeed, our bankruptcy system implicitly relies on this informal discouragement.
|
|
McKinsey's "Bankruptcy 101" manual does not mention disclosure limitations, either.
|
|
Ms. Buccinni Butch was ready to declare bankruptcy and close.
|
|
WOLF BLITZER: Would you let them have a bankruptcy option?
|
|
And yet, startups are always on the verge of bankruptcy.
|
|
Bankruptcy Insurance holdups — Trying to say they're just mix-ups.
|
|
The move to liquidate requires approval by the bankruptcy judge.
|
|
His company is trying to sell itself to avoid bankruptcy.
|
|
Parks's lawyer and eventually caught up in a bankruptcy proceeding.
|
|
Homelessness and bankruptcy were part of this journey as well.
|
|
That's why bankruptcy works perfectly well in typical business failures.
|
|
Like her boss, Ms. McMahon is familiar with bankruptcy filings.
|
|
Those efforts, though, have stalled, making a bankruptcy more likely.
|
|
"Why wouldn't you want to make bankruptcy better?" he said.
|
|
A Sears bankruptcy filing could be good for some landlords.
|
|
One of these, Youbit, filed for bankruptcy following the hack.
|
|
Gymboree filed for bankruptcy, for a second time, in January.
|
|
Things Remembered, a gifting chain, filed for bankruptcy in February.
|
|
Denim brand Diesel filed for Chapter 11 bankruptcy in March.
|
|
Forever 21 filed for Chapter 20193 bankruptcy protection in September.
|
|
In February 2019, Payless filed for bankruptcy a second time.
|
|
RadioShack filed for Chapter 11 bankruptcy protection in March 2015.
|
|
In November 2016, American Apparel was back in bankruptcy court.
|
|
Deals • Pier 1 Imports filed for Chapter 11 bankruptcy protection.
|
|
A document with the bankruptcy petition cites 250 such lawsuits.
|
|
Bankruptcy in the United States comes in a few forms.
|
|
Go deeper: Purdue Pharma's bankruptcy doesn't clear all legal hurdles
|
|
Notably, General Wireless Operations bought RadioShack after its 20183 bankruptcy.
|
|
The bill instead creates a new bankruptcy process for banks.
|
|
The tribunal ruled that the country's new bankruptcy law prevailed.
|
|
Greece is teetering on the brink of bankruptcy right now.
|
|
Greece is teetering on the brink of bankruptcy right now.
|
|
Decisions are now in the hands of a bankruptcy judge.
|
|
A hearing in the bankruptcy case is scheduled on Thursday.
|
|
The country's largest shipping line, Hanjin, recently filed for bankruptcy.
|
|
As a result, Ehang's subsidiaries in those countries declared bankruptcy.
|
|
His oil company went into bankruptcy protection proceedings in 2013.
|
|
Days later, the deal falls apart, and bankruptcy becomes imminent.
|
|
In some cases, smaller businesses declare bankruptcy after a breach.
|
|
She added PTK could face bankruptcy within the next year.
|
|
Borders declared bankruptcy in 2006, and ceased operations in 2011.
|
|
The settlement is subject to approval by a bankruptcy judge.
|
|
YOU OWNED ALL THE AIRLINES, MAXIMUM POSITIONS, INTO THE BANKRUPTCY.
|
|
Many are struggling to recover from the Toys "R" bankruptcy.
|
|
The startup wound up filing for bankruptcy in early 2017.
|
|
Companies can choose where they want to file for bankruptcy.
|
|
In 2018, Jia, $3.6 billion in debt, filed for bankruptcy.
|
|
In October of 2019, Jia filed for Chapter 11 bankruptcy.
|
|
Warren and Biden have long been at odds over bankruptcy.
|
|
The Boy Scouts of America has filed for bankruptcy protection.
|
|
But the diocese sidestepped all of that by declaring bankruptcy.
|
|
Now, Denton has little choice but to declare personal bankruptcy.
|
|
Lucky's said it will continue operating seven stores through bankruptcy.
|
|
Converse filed for bankruptcy before being bought out by Nike.
|
|
Converse filed for Chapter 11 bankruptcy in 2001, Forbes reported.
|
|
American Airlines was profitable just three years after declaring bankruptcy.
|
|
Yet 18 months later, Payless was in bankruptcy court again.
|
|
It has not declared bankruptcy but its future remains unclear.
|
|
Nine West competitor Aerosoles Group filed for bankruptcy last year.
|
|
A criminal record clean slate law is like a bankruptcy.
|
|
This is the special bankruptcy procedure for large financial institutions.
|
|
Families should not fear bankruptcy due to a medical condition.
|
|
Thousands of truck drivers were stranded after a massive bankruptcy
|
|
A bankruptcy of Puerto Rico is not necessary or warranted.
|
|
He joins the bankruptcy practice from Kramer Levin Naftalis & Frankel.
|
|
But the timing for a potential bankruptcy is not ideal.
|
|
More than 15 U.S. retailers filed for bankruptcy last year.
|
|
The recall would drive the dominant airbag maker into bankruptcy.
|
|
In any other country, bankruptcy was a financial death sentence.
|
|
The new report was filed in bankruptcy court on Monday.
|
|
Harris showed her bankruptcy again on the issue of trade.
|
|
Viver Incorporadora & Construtora SA filed for bankruptcy protection on Sept.
|
|
Creditors opted instead to try their hand in bankruptcy court.
|
|
Seritage tried to put a positive spin on Sears' bankruptcy.
|
|
Braich has been mired in several lawsuits including bankruptcy cases.
|
|
In April, Quadriga announced that it had entered bankruptcy proceedings.
|
|
Mattress Firm plans to exit bankruptcy in about two months.
|
|
The crisis caused Takata to file for bankruptcy in 2017.
|
|
When health care becomes prohibitively expensive, many patients declare bankruptcy.
|
|
Only a restructuring under the bankruptcy code can change those.
|
|
Is Donald Trump's America going to be bamboozled into bankruptcy?
|
|
In return, the agency agreed to support Nortel's bankruptcy plan.
|
|
"Shareholders are last in line in a bankruptcy," Elson said.
|
|
Toys R Us' bankruptcy was not the death of toys.
|
|
The decision comes just as Peabody has emerged from bankruptcy.
|
|
Paul Jonas' company just filed for bankruptcy ... TMZ has learned.
|
|
For example, a committee of experts will oversee bankruptcy cases.
|
|
A bankruptcy judge ultimately took Sycamore's side in the dispute.
|
|
But it had fallen into disrepair before its 2017 bankruptcy.
|
|
SFX filed for Chapter 240 bankruptcy in February of 2016.
|
|
We can't say for sure why they're filing for bankruptcy.
|
|
Mattress Firm is considering filing for bankruptcy, sources told Reuters.
|
|
A lawsuit caused her to file for bankruptcy in 2007.
|
|
Sears' bankruptcy lawyers, Weil, Gotshal & Manges, plan to charge Sears their customary hourly rates of $1,075 to $1,600 for work done by its partners and counsel, according to documents filed with the bankruptcy court.
|
|
CHICAGO, March 9 (Reuters) - U.S. Bankruptcy Judge Stuart Bernstein denied Breitburn Energy Partners LP's bid to end a two-year bankruptcy on Friday, saying that the plan of reorganization unfairly discriminates against certain bondholders.
|
|
The CEOC bankruptcy has also been rocked by creditor allegations that the parent stripped the operating unit of choice hotel and casino assets prior to the unit's Chapter 11 bankruptcy filing in January 2015.
|
|
CLOSER TO BANKRUPTCY COURT Employees of the company have said they have not been paid for months and plan to take the airline to India's bankruptcy court (NCLT), a process allowed under Indian law.
|
|
It's very possible PG&E is being extra-conservative with power shutdowns because a fire during the firm's bankruptcy case would be harder for them to deal with than a fire outside of bankruptcy.
|
|
U.S. Bankruptcy Judge Barry Schermer said he was ready to sign an order to approve Peabody's bankruptcy emergence once language regarding a late settlement of certain U.S. Department of Justice complaints had been finalized.
|
|
The advisers are exploring a range of options that include bankruptcy, as well as ones that would help it avoid a bankruptcy filing, such as a sale or securing further financing, the people said.
|
|
By the numbers: According to an Axios analysis of BankruptcyData research, 8 out of the 10 biggest bankruptcy declarations (by assets) in which the company remained intact were followed by another bankruptcy protection filing.
|
|
The New York City Opera — which filed for bankruptcy in 2013 — is to be revived in a different form as part of a reorganization plan confirmed by the United States Bankruptcy Court in Manhattan.
|
|
Things got really bad in 2015, when Puerto Rico defaulted on its monthly debt for the first time, and in 2017, when Puerto Rico filed for bankruptcy -- the largest US municipal bankruptcy in history.
|
|
Gawker's bankruptcy plan administrator Will Holden, of consulting firm Dacarba LLC, and the website's bankruptcy attorney Gregg Galardi, of law firm Ropes & Gray LLP, have tried to block Thiel's bid, according to court papers.
|
|
Toys "R" Us said it plans to keep its stores open through the bankruptcy process, though it remains unclear whether it can emerge from bankruptcy with most of its approximately 1,600 stores still open.
|
|
Title III is an in-court debt restructuring process akin to U.S. bankruptcy protection, since Puerto Rico is barred from using Chapter 9 of the U.S. federal bankruptcy code reserved for insolvent public entities.
|
|
For some unexplained reason, the leadership in Congress is enamored with substituting the OLA for a new Bankruptcy Code chapter, which would allow a failed holding company to be resolved through the bankruptcy courts.
|
|
The island is navigating the largest government bankruptcy in U.S. history, with $120 billion of combined bond and pension debt when it declared bankruptcy in May 2017 after more than a decade of recession.
|
|
Some shops are taking equity as payment, or charging higher retainers and success fees - payable when they manage to pull a client out of bankruptcy or restructure debt without having to file for bankruptcy.
|
|
The judge overseeing the bankruptcy of jewelry and accessories chain Claire's on Friday approved the mall retailer's plan to emerge from bankruptcy next month with about $1.9 billion in debt taken off its books.
|
|
Todd Chrisley filed for bankruptcy protection for nearly $50 million in 2012According to People, the glitzy facade of the Chrisley's reality show masked outrageous spending habits and steady debt, something the bankruptcy documents corroborated.
|
|
West Virginia-based Revelation Energy LLC and its affiliate Blackjewel LLC filed for bankruptcy, making it the second major coal company to declare bankruptcy in as many weeks, according to the Lexington Herald Leader.
|
|
"It may be that bankruptcy was always meant to sort out which businesses should continue and which we don't need anymore," said Melissa Jacoby, a bankruptcy law professor at the University of North Carolina.
|
|
Those measures, which included debt-for-equity swaps and the sale or planned bankruptcy of some of the Trump Organization's flagging assets, were credited at that time with helping Mr. Trump avoid personal bankruptcy.
|
|
In the bankruptcy cases that followed, claims of fraudulent transfer were sometimes brought, most prominently in the bankruptcy of the Tribune Company, which had been bought by Sam Zell in an $8.2 billion buyout.
|
|
The island's status as a U.S. territory left officials there with no recourse, since a quirk in the bankruptcy code leaves territories without access to the same bankruptcy protections afforded to states and municipalities.
|
|
U.S. Bankruptcy Judge Barry Schermer, who is overseeing the case, will also hear objections from shareholders, whose stock will be wiped out in the reorganization, environmental group Sierra Club and a U.S. bankruptcy watchdog.
|
|
Avaya Inc's bankruptcy reorganization plan should not be approved until it is stripped of a consulting deal worth up to $8.75 million for telecommunications company's former chief executive, according the U.S. government's bankruptcy watchdog.
|
|
Any change to a payment plan for a person in bankruptcy is subject to approval by bankruptcy courts and the parties involved, but the lawsuits contend that Wells Fargo did not seek such approval.
|
|
The retail sector is full of stories of companies that emerge from bankruptcy, try to make a go of it, then file for a second bankruptcy in short order, leading to closure and liquidation.
|
|
In April, Quadriga announced that the Supreme Court of Nova Scotia had issued a Termination and Bankruptcy Assignment Order outlining the process by which the Quadriga CCAA proceedings would be converted to bankruptcy proceedings.
|
|
The settlement will pave the way for a liquidation plan as it resolves a key issue in Sedgwick's Chapter 11 bankruptcy, according to a June 6 filing in U.S. Bankruptcy Court in San Francisco.
|
|
In July, a federal bankruptcy judge ruled for the first time ever that environmental organizations were parties of interest in the bankruptcy proceeding and could argue that Peabody should fully meet its cleanup obligations.
|
|
Clinton honed in on Trump's bankruptcy history in her remarks, citing reporting from CNN that no major U.S. company has filed for Chapter 11 bankruptcy in the last 30 years more than Trump's casino empire.
|
|
U.S. Bankruptcy Judge David Jones said he read every letter he received from individual shareholders, some of whom lost their entire savings, when SandRidge filed a prepackaged bankruptcy in May with $313 billion of debt.
|
|
As a territory, Puerto Rico has no access to bankruptcy, and much of the negotiating going on now is seeking some alternative to bankruptcy that would also have the effect of holding off creditor lawsuits.
|
|
PK, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday.
|
|
CHICAGO (Reuters) - Caesars Entertainment Corp said on Friday that it appointed a retired bankruptcy judge to the new role of chief restructuring officer after it warned it could be forced into Chapter 11 bankruptcy protection.
|
|
Payless has closed roughly 29 mostly mall-based U.S. stores in bankruptcy, court papers show, but is opening four mega stores here to add to some 23.6,230 post-bankruptcy locations in the U.S. and abroad.
|
|
The officials who briefed journalists on Monday said that any restructuring would be easier if they could do it under the protective shield of bankruptcy — but that even without bankruptcy they had to press forward.
|
|
Jones Day withdrew a motion to disqualify Caesars Entertainment Operating Co's (CEOC) bankruptcy counsel Kirkland & Ellis on Thursday, court documents showed, after an Illinois bankruptcy judge threatened sanctions over the quarrel this week in court.
|
|
The government's bankruptcy watchdog in its objection filed in U.S. Bankruptcy Court in St. Louis said the plan's releases are "overly broad" because they lack exceptions for wrongdoing, which are routine in third-party releases.
|
|
Financial advisers for Ligado pegged the company's spectrum as worth between $4.5 billion and $6.8 billion during the bankruptcy, based on a certain method of valuing that type of asset, according to bankruptcy court papers.
|
|
The loan requires Emas Chiyoda to file a bankruptcy exit plan in 60 days and to have the plan confirmed by U.S. Bankruptcy Judge Marvin Isgur, who was assigned to the case, in 120 days.
|
|
The U.S. renewable energy company, which filed for bankruptcy protection on Thursday, did receive approval on Friday to tap some of the $300 million loan it hopes to secure to carry it through its bankruptcy.
|
|
The objection by the U.S. Trustee, which typically oversees the administration of bankruptcy cases and polices them for conflicts, threatens to derail Abengoa's high-stakes debt restructuring plan to avoid its own bankruptcy in Spain.
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Fairway Seeks Quick Exit From Bankruptcy | The New York grocery store chain filed a prepackaged bankruptcy case, a useful tool for revamping a company's balance sheet, Stephen J. Lubben writes in the In Debt column.
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A recent T. Rowe Price analysis found that people who have declared bankruptcy were more likely to have kids who do not save any money, compared to the children of people who didn't declare bankruptcy.
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Additionally, parallel bankruptcy proceedings will soon be commenced on behalf of Cambridge Analytica LLC and the certain of the Company's U.S. affiliates in the United States Bankruptcy Court for the Southern District of New York.
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Hercules Offshore Inc's plan to exit its second bankruptcy in as many years won court approval on Tuesday after a U.S. Bankruptcy judge thoroughly rejected objections and conspiracy charges leveled by the drilling contractor's shareholders.
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A U.S. bankruptcy court judge on Friday issued a decision siding with Sycamore in its fight with Aeropostale, who accused the firm of conducting a "loan to own" scheme and pushing the retailer into bankruptcy.
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A U.S. bankruptcy court judge on Tuesday approved the sale of 82 Toys "R" Us stores in Canada to Toronto-based Fairfax Financial, although the C$300 million deal still requires Canadian bankruptcy court approval.
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The company's largest subsidiary, which owns most of its regional resorts, has been in bankruptcy for the last two years, and the entire company is going to have to be restructured to emerge from bankruptcy.
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Meanwhile, Sandridge's involvement as a defendant was stayed when it filed for bankruptcy last month, which could save the company legal costs and exempt it from the discovery process while it is undergoing bankruptcy proceedings.
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Lawyers for Weinstein Co asked a Delaware bankruptcy judge to convert the studio's bankruptcy to a Chapter 183 liquidation from the Chapter 11 case filed in March 2018, according to papers filed on Tuesday night.
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The House Natural Resources Committee has jurisdiction over United States territories and drafted the bankruptcy-like law that governs Puerto Rico's restructuring proceedings, but it left out the disclosure provisions customarily found in bankruptcy statutes.
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Hartford is certainly not the first among Connecticut's larger cities to veer toward bankruptcy; the state bailed out Waterbury in 2001 and a decade earlier, Bridgeport sought bankruptcy protection but it was blocked in court.
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Jay L. Westbrook, a bankruptcy scholar at the University of Texas at Austin who signed the professors' friend-of-the-court brief on behalf of the drivers, said Chapter 11 bankruptcy involved a trade-off.
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"Thanks in part to the 213 bankruptcy bill, our current system makes it far too hard for people in need to start the bankruptcy process so they can get back on their feet," Warren wrote.
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It's a journey that transformed her from a Republican who blamed personal bankruptcy on the reckless spending of consumers into a progressive Democrat convinced that bankruptcy was, instead, the result of a rigged financial system.
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U.S. Bankruptcy Judge Charles Rendlen applauded the progress on the bankruptcy negotiations so far and approved, on an interim basis, $275 million in debtor-in-possession financing and the use of $600 million in cash.
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A U.S. bankruptcy judge approved on Tuesday PG&E's $20183 billion settlement with victims of Californian wildfires, and the company's stock rallied as the utility gained momentum to emerge from bankruptcy in June as planned.
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Student Victims Seek to Become Creditors in ITT Bankruptcy Five former ITT students took matters into their own hands by petitioning a federal bankruptcy court to consider loan forgiveness as part of the company's liquidation.
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The operating unit, Caesars Entertainment Operating Co Inc, or CEOC, received approval from a U.S. Bankruptcy judge last month to begin seeking votes from creditors on its plan to restructure its debt and exit bankruptcy.
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The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than two months ago about its business operations in 2020.
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As a result, the judge overseeing the company's bankruptcy, Judge Dennis Montali, may want to be assured that California's politicians have come up with a better cost-sharing system before releasing the company from bankruptcy.
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A U.S. bankruptcy court judge must approve any sale of Sears.
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HHGregg Inc and RadioShack have filed for bankruptcy in recent months.
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It stopped trading, closed its website and filed for bankruptcy protection.
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The Big Apple Circus filed for bankruptcy on November 20, 2016.
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The money is expected to go toward 50 Cent's bankruptcy debts.
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Sears filed for bankruptcy last October after years of store closures.
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Any claims, he said, should have been raised in bankruptcy court.
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The company had roughly 700 stores when it filed for bankruptcy.
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A hearing to finalize Sears' bankruptcy financing is scheduled for Nov.
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